The crypto world has completely exploded—everyone in the space just got wrecked. A bunch of exchanges claimed they had SpaceX IPO allocations and planned to sell them to crypto folks. Half the crypto community threw their money in to participate in the IPO. Now that it’s over, they’re telling you there’s no allocation, and on top of that, they’re charging a few hundred bucks in fees to refund you. The worst part? Some people saw SPCX pre-market contracts pumping hard and decided to hedge by shorting to lock in profits. But now their short positions are in the red, and they can’t even get the IPO stock itself. The RWA (Real World Asset) tokenized stock narrative that’s been hyped in the crypto space for years—after this fiasco, who’s gonna dare to play with it anymore?